USDJPY Long to 108.23

Price has retraced to the 78 fib retracement on the hourly chart and started heading up. Target is the 1.27 fib extension; could go higher based on the Daily chart , but this is in line with the hourly target. Once the target is achieved, look to trade down again, in the direction of the Daily chart , for it's 5th wave down to the 97-100 area.